Wells Fargo & Company MN Reduces Position in Seabridge Gold Inc. (NYSE:SA)

Wells Fargo & Company MN cut its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 25.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,152 shares of the basic materials company’s stock after selling 3,135 shares during the quarter. Wells Fargo & Company MN’s holdings in Seabridge Gold were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Amundi lifted its holdings in Seabridge Gold by 15.3% during the fourth quarter. Amundi now owns 648,968 shares of the basic materials company’s stock valued at $7,736,000 after purchasing an additional 86,046 shares during the last quarter. Fiduciary Family Office LLC purchased a new stake in Seabridge Gold during the fourth quarter valued at about $317,000. Geode Capital Management LLC lifted its holdings in Seabridge Gold by 11.6% during the third quarter. Geode Capital Management LLC now owns 36,478 shares of the basic materials company’s stock valued at $615,000 after purchasing an additional 3,794 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Seabridge Gold by 18.2% during the fourth quarter. Bleakley Financial Group LLC now owns 18,732 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 2,880 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in Seabridge Gold by 11.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 29,506 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 3,029 shares during the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Trading Up 2.6%

Shares of Seabridge Gold stock opened at $12.61 on Monday. Seabridge Gold Inc. has a 12-month low of $9.40 and a 12-month high of $20.55. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -50.44 and a beta of 0.67. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $11.76 and its 200-day moving average price is $12.72.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share (EPS) for the quarter.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.